Fast Cables profit slips 33%
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MG News | August 29, 2025 at 04:54 PM GMT+05:00
August 29, 2025 (MLN): Fast Cables Limited (PSX: FCL) posted
a net profit of Rs1.27 billion for the year ended June 30, 2025, down 33% YoY
from Rs1.89bn recorded last year. This translated into earnings per share (EPS)
of Rs2.03, compared to Rs3.68 in FY24, showing a decline of 45% YoY.
The company’s revenue fell 12% YoY to Rs31.86bn against Rs36.02bn in FY24, while the cost of revenue dropped 10% YoY to Rs26.48bn. This resulted in a gross profit of Rs5.38bn, down 20% YoY.
Cash dividend was given by the company at Rs0.5 per share.
Operating profit also weakened by 26% YoY to Rs3.49bn,
driven by higher finance costs of Rs1.61bn, up 18% from last year.
On the other hand, other income surged 71% YoY to Rs613m,
partially offsetting the decline in operating margins.
After accounting for taxation of Rs869m, the company
reported a net profit of Rs1.27bn versus Rs1.89bn in FY24.
|
STATEMENT
OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025 (Rs.000) |
|||
|
Description |
FY25 |
FY24 |
change% |
|
Revenue |
31,859,424 |
36,024,051 |
-11.6% |
|
Cost of
Revenue |
(26,480,740) |
(29,291,009) |
-9.6% |
|
Gross
Profit |
5,378,684 |
6,733,042 |
-20.1% |
|
Distribution
Cost |
(1,365,218) |
(1,403,769) |
-2.7% |
|
Administrative
Expenses |
(527,207) |
(649,684) |
-18.9% |
|
Operating
Profit |
3,486,259 |
4,679,589 |
-25.5% |
|
Other
Operating Expenses |
(341,736) |
(549,618) |
-37.8% |
|
Finance
Cost |
(1,614,839) |
(1,364,767) |
18.3% |
|
Other
Income |
612,692 |
357,457 |
71.4% |
|
Profit
Before Levy and Taxation |
2,142,376 |
3,122,661 |
-31.4% |
|
Levy /
Final Taxation |
- |
(7,073) |
|
|
Profit
Before Taxation |
2,142,376 |
3,115,588 |
-31.2% |
|
Taxation |
(868,675) |
(1,227,996) |
-29.3% |
|
Net
Profit for the Year |
1,273,701 |
1,887,592 |
-32.5% |
|
Earnings
per Share - Basic and Diluted |
2.03 |
3.68 |
-44.8% |
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